GMR Infrastrucure gets Rs 415 cr in outstanding dues from Air India
"After long time they (Air India) have given us some sizable money. We received Rs 415 crore on January 30 (from them) towards payment of UDF, ADF, landing and parking, everything," GMR's CFO for airport business Sidharth Kapur told PTI.
Of this, Rs 340 crore payment has been made for user development fee (UDF), airport development fee (ADF) and landing and parking charges at the Delhi International Airport, while Rs 75 crore payment was made for usage of similar facilities at the Hyderabad International Airport.
Post this payment, dues on Air India has come down to Rs 375 crore, Kapur said, adding that he is hopeful of Air India clearing remaining dues in next few months to reach a regular payment status.
He, however, refused to comment on whether the airport business would become profitable after this payment, as financial results of GMR Infrastructure are slated to be taken up by the company Board in next few days.
GMR also has outstanding dues of about Rs 49 crore on Vijay Mallya-promoted Kingfisher Airlines for usage of facilities at the Delhi airport as on January 15.
During the first half of the current fiscal, the airport business of GMR had reported Rs 118 crore loss before minority, the company had said in November while announcing the results for July-September quarter.
The company had then said that it has
Be the first to comment.